Which of the Following Is NOT Likely to Be Included

question 163

Multiple Choice

Which of the following is NOT likely to be included in a research proposal?

• A) How long the research will take.
• B) Preliminary recommendations on how to solve the problem.
• C) Information about what the research will cost.
• D) A description of what data will be collected.
• E) A description of how data will be collected.

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Definitions:

Marginal Value

Additional benefit derived from purchasing one more unit of a good.

Consumer Surplus

The gap between the price consumers are ready to pay for a good or service and the price they actually incur.

Marginal Revenue

The surplus revenue acquired from the sale of one more unit of a good or service.

Profit Maximizing Output

The level of production at which a firm achieves the highest possible profit, determined by the point where marginal cost equals marginal revenue.